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5001 S Drexel BLVD, Chicago...

EquityBuild Acquires Property From Cedar Street For $3.2M With Seller's Reps Adam Saxon And Brian DiBasilio
SOLDMultiFamily

EquityBuild Acquires Property From Cedar Street For $3.2M With Seller's Reps Adam Saxon And Brian DiBasilio

5001 S Drexel BLVD, Chicago, IL, 60615

$3,200,000

Building Size

Asset Type

MultiFamily

Closing

Nov 19, 2023

AI

The property involved in this transaction is a multifamily building located at 5001 S Drexel Blvd, Chicago, IL, within the Chicago market. The total transaction amount for this asset is $3,200,000.00 and it encompasses a total square footage of 0.

Summary of transaction details:

This transaction was represented by Adam Saxon from Interra Realty and Brian DiBasilio from Triad Real Estate Partners as the seller's representatives. The buyer, EquityBuild, completed the acquisition as part of its investment strategy, while the sellers were Cedar Street.

Players

Brian DiBasilio

Triad Real Estate Partners

Broker

$39.7M

vol

9 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93